BROERS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BROERS
Largest movements
- Tangible fixed assets -€24,913
down €24,913 (-33.2%), from €74,992 to €50,079
of which Leasing and similar rights: -€22,411
- Stocks and contracts +€6,223
up €6,223 (+208.0%), from €2,991 to €9,214
- Cash -€5,893
down €5,893 (-11.3%), from €52,110 to €46,217
mainly Debts after one year (-€14,322) and Trade debts (-€8,645)
- Debts after one year -€14,322
down €14,322 (-22.6%), from €63,329 to €49,007
- Trade debts -€8,645
down €8,645 (-65.1%), from €13,282 to €4,637
- Other debts -€3,692
no longer reported in 2025 (was €3,692)
- Tax, wage and social debts +€3,517
up €3,517 (+22.2%), from €15,856 to €19,372
of which Remuneration and social security: +€4,211
- Turnover +€341,660
new in 2025: €341,660
- Purchases and services +€211,085
new in 2025: €211,085
- Staff costs +€35,734
up €35,734 (+69.8%), from €51,199 to €86,933
- Gross operating margin +€19,134
up €19,134 (+17.2%), from €111,442 to €130,575
- Taxes +€4,680
new in 2025: €4,680
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,214 | €168,507 | -€24,707 | -12.8% |
| Fixed assets | 21/28 | €75,208 | €51,229 | -€23,979 | -31.9% |
| Tangible fixed assets | 22/27 | €74,992 | €50,079 | -€24,913 | -33.2% |
| Plant, machinery and equipment | 23 | €1,276 | €2,586 | +€1,310 | +102.7% |
| Furniture and vehicles | 24 | €2,222 | €973 | -€1,248 | -56.2% |
| Leasing and similar rights | 25 | €67,233 | €44,822 | -€22,411 | -33.3% |
| Other tangible fixed assets | 26 | €4,262 | €1,698 | -€2,564 | -60.2% |
| Financial fixed assets | 28 | €216 | €1,149 | +€933 | +432.4% |
| Current assets | 29/58 | €118,006 | €117,278 | -€728 | -0.6% |
| Stocks and contracts in progress | 3 | €2,991 | €9,214 | +€6,223 | +208.0% |
| Stocks | 30/36 | €2,991 | €9,214 | +€6,223 | +208.0% |
| Amounts receivable within one year | 40/41 | €62,904 | €61,847 | -€1,057 | -1.7% |
| Trade receivables | 40 | €45,171 | €45,171 | = | 0.0% |
| Other amounts receivable | 41 | €17,733 | €16,676 | -€1,057 | -6.0% |
| Cash at bank and in hand | 54/58 | €52,110 | €46,217 | -€5,893 | -11.3% |
| Total equity and liabilities | 10/49 | €193,214 | €168,507 | -€24,707 | -12.8% |
| Equity | 10/15 | €83,376 | €83,699 | +€322 | +0.4% |
| Contributions | 10/11 | €14,500 | €14,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,016 | €67,339 | +€322 | +0.5% |
| Amounts payable | 17/49 | €109,838 | €84,808 | -€25,029 | -22.8% |
| Amounts payable after more than one year | 17 | €63,329 | €49,007 | -€14,322 | -22.6% |
| Financial debts | 170/4 | €63,329 | €49,007 | -€14,322 | -22.6% |
| Amounts payable within one year | 42/48 | €46,509 | €35,801 | -€10,708 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €13,680 | €11,792 | -€1,888 | -13.8% |
| Trade debts | 44 | €13,282 | €4,637 | -€8,645 | -65.1% |
| Suppliers | 440/4 | €13,282 | €4,637 | -€8,645 | -65.1% |
| Taxes, remuneration and social security | 45 | €15,856 | €19,372 | +€3,517 | +22.2% |
| Taxes | 450/3 | €12,763 | €12,069 | -€694 | -5.4% |
| Remuneration and social security | 454/9 | €3,093 | €7,304 | +€4,211 | +136.1% |
| Other amounts payable | 47/48 | €3,692 | - | -€3,692 | |
| Turnover | 70 | - | €341,660 | +€341,660 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €211,085 | +€211,085 | |
| Remuneration, social security and pensions | 62 | €51,199 | €86,933 | +€35,734 | +69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,673 | €27,012 | -€661 | -2.4% |
| Other operating charges | 640/8 | €7,776 | €7,851 | +€75 | +1.0% |
| Non-recurring operating charges | 66A | €329 | €445 | +€116 | +35.3% |
| Gross operating margin | 9900 | €111,442 | €130,575 | +€19,134 | +17.2% |
| Operating profit (loss) | 9901 | €24,465 | €8,335 | -€16,131 | -65.9% |
| Financial income | 75/76B | €99 | - | -€99 | |
| Recurring financial income | 75 | €99 | - | -€99 | |
| Financial charges | 65/66B | €6,244 | €3,332 | -€2,912 | -46.6% |
| Recurring financial charges | 65 | €6,244 | €3,332 | -€2,912 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €18,320 | €5,002 | -€13,318 | -72.7% |
| Income taxes | 67/77 | - | €4,680 | +€4,680 | |
| Profit (loss) for the period | 9904 | €18,320 | €322 | -€17,998 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,320 | €322 | -€17,998 | -98.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.